Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Sold by Legacy Wealth Asset Management LLC

Key Points

• Legacy Wealth Asset Management LLC reduced its stake in Banco Bilbao Viscaya Argentaria by 38.8%, holding 84,753 shares after selling 53,818 shares during the second quarter.
• Several hedge funds modified their positions, with Whittier Trust Co. of Nevada Inc. increasing its stake by 56.1%, now owning 79,790 shares valued at $1,226,000.
• The bank announced a dividend of $0.3736 per share, reflecting a dividend yield of 395.0%, payable on November 24th to stockholders of record on November 6th.

Legacy Wealth Asset Management LLC lessened its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 38.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,753 shares of the bank's stock after selling 53,818 shares during the period. Legacy Wealth Asset Management LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $1,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Wallace Advisory Group LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 6.9% during the 2nd quarter. Wallace Advisory Group LLC now owns 17,992 shares of the bank's stock worth $277,000 after purchasing an additional 1,154 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Banco Bilbao Viscaya Argentaria by 56.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 79,790 shares of the bank's stock valued at $1,226,000 after acquiring an additional 28,664 shares in the last quarter. Whittier Trust Co. grew its stake in Banco Bilbao Viscaya Argentaria by 10.9% during the 2nd quarter. Whittier Trust Co. now owns 176,615 shares of the bank's stock valued at $2,715,000 after acquiring an additional 17,308 shares in the last quarter. William Blair Investment Management LLC grew its stake in Banco Bilbao Viscaya Argentaria by 3.9% during the 2nd quarter. William Blair Investment Management LLC now owns 157,462 shares of the bank's stock valued at $2,420,000 after acquiring an additional 5,877 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management grew its stake in Banco Bilbao Viscaya Argentaria by 7.7% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 15,241 shares of the bank's stock valued at $234,000 after acquiring an additional 1,096 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a report on Wednesday, October 8th. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research report on Sunday. Finally, Barclays raised shares of Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA stock opened at $20.13 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $9.23 and a 52 week high of $20.16. The stock has a market capitalization of $117.49 billion, a PE ratio of 10.59, a P/E/G ratio of 0.94 and a beta of 1.19. The firm has a 50 day moving average of $18.82 and a two-hundred day moving average of $16.26.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. The company had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.24 billion. On average, research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 6th will be issued a $0.3736 dividend. This represents a dividend yield of 395.0%. The ex-dividend date is Thursday, November 6th. Banco Bilbao Viscaya Argentaria's dividend payout ratio (DPR) is presently 38.95%.

Banco Bilbao Viscaya Argentaria Profile

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.

Want to see what other hedge funds are holding BBVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.